LATEST STORIES

Judgment Lien

In real estate law, a Judgment Lien is an involuntary lien placed against the property of a debtor as a result of a court judgment. When a creditor obtains a money judgment, the lien may attach to the debtor’s real property to secure payment of the debt. A judgment...

Freehold Estate

In real estate law, a Freehold Estate is an ownership interest in property that has an indefinite...

Free and Clear

In real estate, Free and Clear refers to property that is owned without any outstanding liens or...

Accretion

Accretion is the gradual and imperceptible addition of soil to a riparian or littoral property. The added waterborne soil deposits are known as alluvion or alluvium. Once added to the owner's property, the accreted soil becomes a part of the owner's property. If the...

Accession

An addition to property, often through natural geological events. Accession involves acquiring title to something added to the property, either by human-made action or through the operation of natural geological processes. A property expanding by the addition of land...

Access Right

The right of an owner to have ingress and egress to and from owner's property over adjoining land. This is usually in the form of an easement. For example, one property may have an access right over another property, meaning that the owner of one property has the...

Acceptance of an Offer

Voluntary agreement to the price and terms of an offer, which creates a contract. For example, upon communication of the seller's acceptance of the offer back to the buyer, a real estate sale agreement becomes a legally enforceable contract. The offer is not a...

Airspace Condominium Ownership

Most condominium ownership is structured around the concept of airspace. This means that the building, walls, and common areas are owned communally by all owners through the homeowners association (HOA). Thus, the individual condominium owner only controls the...

HUD

HOUSING & URBAN DEVELOPMENT

HUD

(Department of Housing and Urban Development)

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